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The Dow Jones Industrial Average switched between gains and losses on Tuesday, as shares of Home Depot pressured the equity gauge. Home Depot's stock was down $4.72, or 3%, in afternoon trade and slicing about 32 points from the price-weighted Dow . A price move of about $1 in any of its 30 components equates to a roughly 6.85-point tilt in the Dow. A slide in shares of United Technologies Corp. and Nike Inc. also dragged on the average, combining to exert a roughly 54-point weight on the Dow. On the upside, shares of Apple Inc. were contributing about 12 points to the benchmark, up 1.4%, and American Express Co. added about 10 points, rising 1.7%. Home Depot's share decline came even as the home-improvement retailer Home Depot Inc. raised its outlook for the second time this year as it reported better-than-expected second-quarter results. Overall, the Dow was down 7 points, or less than 0.1%, at 21,986, while the S&P 500 index was off 0.1% at 2,463, and the Nasdaq Composite Index was trading 0.1% lower at 6,334. All three major benchmarks had opened slightly higher and were on track to book their third straight gain as tensions between the U.S. and North Korea ease and as a batch of economic reports, including retail sales, came in better than expected.

Shares of Rockwell Collins Inc. rose more than 7% late Friday afterBloomberg reported United Technologies Corp. was considering buying Rockwell Collins, citing people familiar with the matter. According to Bloomberg, it's not clear whether the two companies are in talks and whether the initial deliberations will lead to a deal. Shares of United Technologies fell 0.4% in late trading. Rockwell Collins and United Technologies shares ended the regular session up 0.5% and 0.3%, respectively.

United Technologies on Tuesday reported second-quarter net income of $1.44 billion, or $1.80 a share, up from $1.38 billion, or $1.71 a share, in the year-earlier period. Adjusted earnings per share of $1.85 beat the FactSet consensus of $1.78. Second-quarter sales of $15.3 billion were up 3% and matched FactSet forecasts. The company raised its full-year sales outlook to $58.5-$59.5 billion, up from $57.5-59 billion and its adjusted EPS forecast to $6.45-6.60, up from $6.30-6.60. The stock has gained 12.3% in the year to date, while the S&P 500 is up 10.3%

Leaders at GE, 3M, Campbell Soup and United Technologies said Wednesday they were resigning from a White House council on manufacturing. As the news unfolded President Trump tweeted that he was disbanding the group.

United Technologies has made an approach to acquire Rockwell Collins, but the two aerospace suppliers are still wrangling over the price of a takeover that would exceed $20 billion, according to people familiar with the matter.

President Donald Trump has been talking up positive economic news in the Midwestern states that form the backbone of his political coalition and are key to keeping his base intact amid his turbulent first six months in office.

European plane maker Airbus again cut production plans for its A380 superjumbo, bringing nearer to an end the era of the big, four-engine long-haul jets closely associated with the rise of global jet-setting.

United Technologies Corp.’s boss warned Tuesday that the company may need to raise prices for its jet engines and aerospace parts, if airplane makers try to steal some of its lucrative maintenance business.

Leaders at GE, 3M, Campbell Soup and United Technologies said Wednesday they were resigning from a White House council on manufacturing. As the news unfolded President Trump tweeted that he was disbanding the group.

United Technologies Corp.

United Technologies Corp. engages in the provision of products and services to the building systems and aerospace industries worldwide. It operates through the following business segments: Otis; UTC Climate, Controls & Security; Pratt and Whitney; UTC Aerospace Systems; and Other. The Otis segment designs, manufactures, and markets elevators, escalators, moving walkways, and service. The UTC Climate, Controls & Security segment provides heating, ventilating, air conditioning, and refrigeration solutions. The Pratt and Whitney segment offers aircraft engines for the commercial, military, business jet, and general aviation markets. The UTC Aerospace Systems segment comprises aerospace products and aftermarket services for diversified industries worldwide. The Other segment involves other activities. The company was founded in 1934 and is headquartered in Farmington, CT.
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